VANCOUVER - A pipeline proposal more than a decade in the making has suffered a major setback after a court revoked the federal government's approval for the project to link Alberta's oilsands to British Columbia's north coast, saying Ottawa failed in its duty to consult with aboriginal people. In a split decision released Thursday, the Federal Court of Appeal quashed approval for Enbridge's $7.9-billion Northern Gateway project. The judgment says the government neglected to [Read more]
Archives for June 2016
Cequence Energy Announces Redetermined Borrowing Base
CALGARY, June 30, 2016 /CNW/ - Cequence Energy Ltd. ("Cequence" or the "Company") (TSX: CQE) is pleased to announce certain amendments to the Company's senior credit facilities following a scheduled bank review with its syndicate of lenders. As part of such amendments, the Company's borrowing base under the credit facilities has been redetermined at $20 million and the total debt to EBITDA covenant was removed. The revised borrowing base is anticipated to result in lower standby fees charged on [Read more]
AltaGas Ltd. to Issue Second Quarter 2016 Results
CALGARY, ALBERTA--(Marketwired - June 30, 2016) - AltaGas Ltd. ("AltaGas") (TSX:ALA) will release its 2016 second quarter financial results on Thursday, July 21, 2016 before market open and will hold a conference call and webcast to discuss the financial results, progress on construction projects and other corporate developments on the same day. Time: 9:00 a.m. MT (11:00 a.m. ET) [Read more]
Newfield Provides Second Quarter 2016 Conference Call Information
THE WOODLANDS, Texas, June 30, 2016 /PRNewswire/ -- Newfield Exploration Company (NYSE: NFX) will host its second quarter 2016 earnings conference call at 10:00 a.m. (CT), Wednesday, August 3, 2016. The Company plans to release its second quarter earnings after market close on August 2, 2016. To participate in the conference call, please dial (785) 830-7977 and provide conference code 4680250 about 10 minutes prior to the scheduled start time. In addition, a listen-only broadcast of the call [Read more]
Alberta’s enormous well abandonment problem can be solved with creativity and courageous thinking. Here’s a start.
Everyone enjoys a party, but cleaning up the empties…not so much. I am of course referring to Alberta’s abandoned/suspended well problem: a thorn in everyone’s side and currently the topic du jour in Canada’s oilpatch. From the viewpoint of an eco-warrior, it is a black eye for the government and the province. But it is also a nasty hangover for industry, and particularly small companies that are most at risk of perishing. The abandonment/reclamation (A/R) problem is at the epicenter of a [Read more]
TransCanada Announces Closing Conditions Satisfied for Acquisition of Columbia Pipeline Group
CALGARY, ALBERTA and HOUSTON, TEXAS--(Marketwired - June 30, 2016) - News Release Highlights: Acquisition creates one of North America's largest regulated natural gas transmission companies with approximately 90,300 km (56,100 miles) of natural gas pipelines connecting the continent's most prolific supply basins to premium markets Largest North American natural gas storage business with 664 billion cubic feet of capacity $25 billion of secured, near-term growth projects in Canada, [Read more]
Working like a dog: keen canine noses sniff out leaking pipelines
CALGARY - Duke has the scent. The white-gold lab lopes through a field, pulling his owner, Ron Mistafa, behind him. It takes about a minute for the pooch to circle through the tall grass and hone in on the spot where Mistafa has buried a small jar of crude oil. "Atta boy!" Mistafa says to Duke, who is digging away the dirt covering the jar. Mistafa tosses the dog his reward for a job well done: A rubber ball to chew on. For about two decades, Mistafa has run [Read more]
Sunshine Oilsands Ltd.: Poll Results of the Annual General Meeting of Shareholders Held on June 30, 2016 (Hong Kong Time) and June 29, 2016 (Calgary Time)
HONG KONG, CHINA and CALGARY, ALBERTA--(Marketwired - June 30, 2016) - Reference is made to the notice of the annual general meeting of shareholders (the "Meeting") of Sunshine Oilsands Ltd. (the "Corporation") (HKSE:2012) and the accompanying form of proxy both dated May 31, 2016 (the "Notice"). Unless the context requires otherwise, terms used herein shall have the same meanings as those defined in the Corporation's management information circular dated May 31, 2016 (the "Circular). [Read more]
Obama applauds Notley for work on climate change, says Countries have moved beyond Keystone
During a speech while in Ottawa, President Obama praised the work Rachel Notley and the NDP have done combatting climate change. Of course, however, President Obama did not reverse his decision to veto the Keystone XL pipeline, but Premier Notley did take to Twitter to gleefully recognize the mention: I'm proud of our work to combat climate change in Alberta. Honoured to be recognized by @POTUS in his speech today. #NAS2016 #abclimate President Obama is in Ottawa following a 3 Amigos [Read more]
Long Run Exploration Ltd. Announces Closing of Arrangement
CALGARY, ALBERTA--(Marketwired - June 29, 2016) - Long Run Exploration Ltd. ("Long Run" or the "Company") (TSX:LRE) is pleased to announce the closing of the plan of arrangement involving Long Run, Calgary Sinoenergy Investment Corp. (the "Purchaser") and the Long Run securityholders (the "Arrangement"). Pursuant to the Arrangement, the Purchaser has acquired all of the outstanding Long Run common shares and Long Run convertible debentures in exchange for the cash consideration of $0.52 per [Read more]
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